page_title: Board of directors
section_title: Process and structure
hierarchical_section_title: Board of directors / Process and structure
caption_attribution_description: English: Interior of the Tetley, Leeds. Former brewery offices, now art gallery. The former Board Room of the company.
context_page_description: A board of directors is a group of people who jointly supervise the activities of an organization, which can be either a for-profit business, nonprofit organization, or a government agency. Such a board's powers, duties, and responsibilities are determined by government regulations and the organization's own constitution and bylaws. These authorities may specify the number of members of the board, how they are to be chosen, and how often they are to meet.
  In an organization with voting members, the board is accountable to, and might be subordinate to, the organization's full membership, which usually vote for the members of the board. In a stock corporation, non-executive directors are voted for by the shareholders, with the board having ultimate responsibility for the management of the corporation. In nations with codetermination, the workers of a corporation elect a set fraction of the board's directors. The board of directors appoints the chief executive officer of the corporation and sets out the overall strategic direction.
context_section_description: The process for running a board, sometimes called the board process, includes the selection of board members, the setting of clear board objectives, the dissemination of documents or board package to the board members, the collaborative creation of an agenda for the meeting, the creation and follow-up of assigned action items, and the assessment of the board process through standardized assessments of board members, owners, and CEOs. The science of this process has been slow to develop due to the secretive nature of the way most companies run their boards, however some standardization is beginning to develop. Some who are pushing for this standardization in the USA are the National Association of Corporate Directors, McKinsey and The Board Group.
caption: The board room of Tetley's Brewery in Leeds, England.
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